POWERS, November 7.
Taz sensational course of the negotiations for a Tarkish loan, which have now been in progress for several months without accom-pushing the desired resalt, has forced the subject for the time being into the forefront of European politics. When the formidable outlay entailed by the contemplated policy of domestic reform, together with actual military and naval reorganization, compelled the Government to look for additional money from abroad, it turned naturally to France and arrau, for a loan from the Ottoman Bank, an institation mainly French. At this juncture, however, it became evident that Turkey in her foreign policy no longer attached the same importance to British and French goodwill as she had done at an earlier stage in the new regime. This view was confirmed when it was announced that the Porte had purchased two obsolete battleships from Germany as the nucleus of a reorganized navy. Accordingly the French Gove ment, by virtue of its relations with the Ottoman Bank, intimated that jit would have to make certain
Text read from the printed page and cleaned; old type leaves the occasional error.